The Hong Kong government issued a second major policy statement on digital assets, highlighting its commitment to the region as a global hub for the industry and said it plans to establish a regulatory regime that stipulates the stage of risk management and investor protection.
The framework will be overseen by the Securities and Futures Commission and will apply to custodians, digital asset service providers, exchanges and Stablecoins, The government says Thursday. It said public consultation on the licensing system will begin soon.
In recent years, Hong Kong has been taking action to strengthen its position in the industry, with the statement earlier Start pronunciation in 2022When it says it is “ready to interact with participants.” In December, It grants licenses to four crypto exchangesa law was passed last month allowing it License stable issuer from August 1.
Ministry of Financial Services and Finance (FSTB) The Hong Kong Monetary Authority will also review relevant legal systems Tokenization of real-world assets (RWA) The government said there are financial instruments. The review will look at tokenized bond issuance and trading. Finance Minister Paul Chan said in a statement that the government should especially consider the actual use of tokenization and how to diversify the use cases.
According to the report for the first half of 2025 From Redstone, Gauntlet and rwa.xyz.
“The government will regulate the issuance of government bonds and incentivize the tokenization of RWA to enhance liquidity and access through other initiatives, as well as other initiatives, articulating the stamp duty treatment of trade funds used in token trading. (ETF),” the government said. It also welcomes secondary market transactions of these marked ETFs on licensed trading platforms.
Countries around the world, including the United Kingdom, the United States, South Korea and Pakistan, are building regimes of cryptocurrency companies as interest in the industry continues to grow. EU rules on the industry, market for crypto assets (Micca) The legislation was published in 2023 and came into effect last year.
